NFT tool provider Venly raises $23 million
Summary
Use cases include onboarding gamers, minting and selling NFTs, digital asset custody, and building a game inventory system. Its tools support more than a dozen blockchain networks, including Ethereum, Avalanche, BNB Chain, Hedera, Polygon and layer 2 solution ImmutableX.Prior to this round of funding, Venly had raised a total of $2 million. With the new investment, the company is looking to continue expanding its footprint in the gaming industry and making eCommerce integration a bigger priority. Our APIs and services allow a Web2 company to seamlessly integrate with Web3, said Venlys CEP Tim Dierckxsen.The expansion strategy into commerce may be a strategic move in recognition of competition. , a blockchain tool platform specifically for gaming, raised $725 million at the end of last year in a Series B round of funding from investors including Animoca, Warner Music, and Andreessen Horowitz.